Digital transformation has enabled organizations to make rapid adjustments while relying on their cloud architecture, modern security protocols, and agile company culture. It provided them with a wide range of business-enabling technologies that support vast new work-from-home environments while establishing virtualized business transactions and interactions. But there are a lot of companies, non-profits, and governmental entities that are still lagging in their digital initiatives, which is why they are struggling to adjust to the year's rapidly changing economic and social environment. It acted as an alarm for C-suite officers, warning them to stop dragging their feet on their digital transformation efforts since the companies that embraced digital transformation didn’t suffer much disruption in that environment. In the wake of COVID-19 disruption, more than two-thirds of boards of directors accelerated their digital business initiatives, and about half foresee changing their organizations' business model.
Currently, almost every company is involved in digital transformation, in one form or another. But how many of them are actually making the best out of it? A few (as few as 8%); only this percentage of global companies have been able to achieve their targeted business outcomes via making investments in digital technologies. In other words, more than 90% of companies can’t harness the power of digital transformation properly and are struggling to deliver on the promise of a technology-enabled business model.
Product designing is witnessing a constant change in processes used for it as customers are eyeing out for more sophisticated customization. Today, disrupted supply chains need alternate sources for materials and components which is why manufacturers across the globe face increasing pressure to maximize agility while minimizing waste. Now, products are no longer static objects. In fact, the “end product” continues to evolve and grow in functionality once it’s delivered.
The steady advances in technological terminology over the last few years, coined a new buzzword; “Cyber Analytics”. The question, “What is Cyber Analytics”, points out that there is much more going on behind the screen surface of a computer than a mere sequence of numbers. Cyber Analytics is all about those numbers and how they can be organized to initiate a search and analysis process leading to a solution.
Why finincial Companies should re-evaluate business processes and innovate the right cybersecurity solutions with a proper strategy in place
As cyber threats become more and more complex, many small and medium businesses (SMBs) are now thinking about protecting their data. And for some solid reason